Which one of the following reflects a weak internal control system? A. all employees are well supervised B. a single employee is responsible for comparing a receiving report to an invoice C. all employees must take their vacations D. a single employee is responsible for collecting and recording of cash   2. The

multiple choice question a.The difference between the bank statement balance and the balance in Bank account in the general ledger may be due to:   unpresented payments. outstanding receipts. errors done by the bank and the entity. all of the choices given.

Why do organizations have policies regarding the use of assets and why do staff need to be aware of them and other organizational policies, procedures and accounting standards? Internal control is enhanced by combining the control of a transaction with the record-keeping function.a.True.b. False. For efficiency of operations and better control over cash, a company should maintain only one bank account. i. True. ii. False.

Which of the following reflects a weak internal control system? Please explain with full explanation.  a. All employees are well supervised. b. A single employee is responsible for comparing a receiving report to an invoice. c. All employees must take their vacations. d. A single employee is responsible for collecting and recording cash.